Home » medium enterprises soon » Separate policy for small » Separate policy for small, medium enterprises soon
Dehradun, November 9
To promote small enterprises in the state, the government is in the process of finalising a separate policy for micro, small and medium enterprises.
Though the previous BJP government had come up with a hill promotion policy in 2008 to give impetus to small-scale industries in the state, the present Congress government is keen on a policy framework as a separate department of small and medium enterprises has already been established in the state.
Most likely, the policy will focus on giving more incentives to small units and the extension of single-window system.
Other concessions include waiver in power and transport bills and capital subsidy. All these incentives are also available under a special integrated industrial promotion policy for hilly and remote areas of the state already in place.
“The policy will envisage providing a single-window clearance to entrepreneurs and other incentives, including a rebate in transportation and power tariff,” said SC Nautiyal, Additional Director, MSME.
In fact, the department has prepared a proposal for strengthening the MSMEs by demanding stamp duty waiver on loans from banks and waiver of VAT, entertainment and luxury taxes.
With over 40,000-odd units engaged in small enterprises, the government is hopeful of increasing the number further, so that the local youth do not migrate to other states in search of jobs.
“By creating linkages between ITI and small enterprises, skill-development workshops could be held giving direct exposure to the youth and imbibing in the spirit of entrepreneurship,” said Pankaj Gupta, president, Industries Association of Uttarakhand.
He said several units in Haldwani and Haridwar engaged in small enterprises had a capacity to double their output.
“We need to encourage MSMEs to grow and graduate to the next level and the availability of finance should be a key focus area,” said Gupta.
Further, the Confederation of Indian Industries has suggested that the government should play the role of a facilitator by providing good infrastructure and time-bound clearances to entrepreneurs.
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